________ Occurs When an Informed Person Takes an Action to Send

question 101

Multiple Choice

________ occurs when an informed person takes an action to send information to an uninformed person,and ________ occurs when an uninformed person creates an incentive for an informed person to reveal private information.

• A) Moral hazard; adverse selection
• B) Adverse selection; moral hazard
• C) Signaling; screening
• D) Screening; signaling
• E) Pooling; separating

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Definitions:

Footer

A section at the bottom of a page or document used to present additional information such as page numbers or notes.

Wide Margins

A layout choice in document design where the outer edges of the page have significant space, often used for aesthetic reasons or to accommodate binding.

Many Fields

A term referring to a database table or data structure that contains a large number of columns or elements to store different pieces of information.

Across, Then Down

A printing or layout term referring to the direction content is organized or distributed on a page, starting from left to right, before moving to the next line.